Wisconsin Capital Management LLC Has $5.99 Million Position in AAR Corp. $AIR

Wisconsin Capital Management LLC boosted its holdings in AAR Corp. (NYSE:AIR) by 53.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,821 shares of the aerospace company’s stock after acquiring an additional 23,262 shares during the quarter. AAR accounts for about 3.1% of Wisconsin Capital Management LLC’s investment portfolio, making the stock its 11th biggest position. Wisconsin Capital Management LLC owned about 0.17% of AAR worth $5,992,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Legato Capital Management LLC acquired a new stake in AAR during the third quarter valued at approximately $984,000. Kingsview Wealth Management LLC bought a new position in shares of AAR during the 3rd quarter worth approximately $243,000. American Century Companies Inc. lifted its position in shares of AAR by 2.6% during the 3rd quarter. American Century Companies Inc. now owns 781,333 shares of the aerospace company’s stock worth $70,062,000 after buying an additional 19,463 shares during the period. Xponance Inc. acquired a new stake in AAR in the 3rd quarter valued at $249,000. Finally, Intech Investment Management LLC grew its position in AAR by 480.4% in the third quarter. Intech Investment Management LLC now owns 155,987 shares of the aerospace company’s stock valued at $13,987,000 after acquiring an additional 129,113 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

Insider Transactions at AAR

In other news, CFO Sarah Louise Flanagan sold 10,750 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $108.56, for a total transaction of $1,167,020.00. Following the transaction, the chief financial officer owned 32,848 shares of the company’s stock, valued at $3,565,978.88. This represents a 24.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John Mcclain Holmes III sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $108.44, for a total transaction of $1,084,400.00. Following the transaction, the chief executive officer owned 237,064 shares in the company, valued at approximately $25,707,220.16. The trade was a 4.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 128,984 shares of company stock worth $12,517,090. Insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AIR. Truist Financial set a $107.00 price objective on AAR in a research note on Friday, January 9th. Jefferies Financial Group increased their target price on shares of AAR to $135.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. The Goldman Sachs Group assumed coverage on shares of AAR in a report on Monday, January 26th. They set a “neutral” rating and a $121.00 price target for the company. Zacks Research raised shares of AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Finally, Royal Bank Of Canada raised their price objective on shares of AAR from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.40.

AAR Price Performance

Shares of AIR stock opened at $116.99 on Wednesday. AAR Corp. has a 1 year low of $46.51 and a 1 year high of $121.64. The company has a current ratio of 2.84, a quick ratio of 1.31 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average is $104.19 and its 200-day moving average is $88.92. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 45.88 and a beta of 1.19.

AAR (NYSE:AIR) last posted its quarterly earnings data on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16. AAR had a net margin of 3.17% and a return on equity of 12.40%. The firm had revenue of $795.30 million during the quarter, compared to analysts’ expectations of $760.95 million. During the same quarter in the previous year, the company posted $0.90 EPS. AAR’s revenue was up 15.9% on a year-over-year basis. Sell-side analysts forecast that AAR Corp. will post 3.77 EPS for the current fiscal year.

AAR Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.